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CFRP is expected to grow at a CAGR of roughly 8.9% over the next five years
CFRP products offer higher weight saving and thus a better fuel economy than the traditional materials such as steel and aluminum., 10/11/2018 - New report published by Global Info Research which offers insights on the global CFRP market.

CFRP are composite materials made through infusion of a resin and a carbon fiber reinforcement. They offer high weight savings, increased tensile strength, fatigue resistance, impact resistance and durability which make them ideal for use in diversified industrial applications. CFRP products are increasingly substituting metals in various automotive applications, primarily to reduce fuel consumption. They are used in manufacturing of tennis racquets, aerospace & automotive components, protective helmets, blades for wind turbines, molding compounds, plates for building & construction and imaging equipment structures. These materials can be used as a chemical or water purifier owing to carbon being a powerful absorbent. 

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Global CFRP Market: Forecast by Type / Application / Region

This report focuses on the CFRP in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

CFRP products offer higher weight saving and thus a better fuel economy than the traditional materials such as steel and aluminum. Vehicle manufacturers are obliged to reduce the average energy consumption of vehicles, and this goal can be met using lightweight products. In addition, increased demands for eco-friendly and low VOCs products in vehicles enhance the need for CFRP products in automotive industry.

The worldwide market for CFRP is expected to grow at a CAGR of roughly 8.9% over the next five years, will reach 20600 million US$ in 2023, from 12300 million US$ in 2017, according to a new GIR (Global Info Research) study.

Global CFRP Market: Key Players

Cytec Industries Inc.

    DowAksa Advanced Composites Holdings B.V.

    Formosa Plastics Corporation

    Hexcel Corporation

    Jiangsu Hengshen Fibre Material Co., Ltd.

    Mitsubishi Rayon Co., Ltd

    SGL Carbon SE

    Teijin Limited.

    Toray Industries, Inc.

    Zhongfu Shenying Carbon Fiber Co., Ltd.

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Related Information:

United States CFRP Market 2018 Forecast to 2023

Europe CFRP Market 2018 Forecast to 2023

North America CFRP Market 2018 Forecast to 2023

Asia-Pacific CFRP Market 2018 Forecast to 2023

China CFRP Market 2018 Forecast to 2023

EMEA CFRP Market 2018 Forecast to 2023

Global CFRP Market 2018 Forecast to 2023

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